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State fund fires 50 people as activity level drops

Financial activity and the number of investment cases in small and medium-sized enterprises is currently at its lowest level since 2020, according to the Danish state fund Eifo.
"Last year there was a sharp decline in activity compared to the year before, and unfortunately the trend has not structurally changed here in 2024," says Peder Lundquist. | Photo: Rickey Molley
"Last year there was a sharp decline in activity compared to the year before, and unfortunately the trend has not structurally changed here in 2024," says Peder Lundquist. | Photo: Rickey Molley
by OLE ANDERSEN

Eifo, Denmark’s Export and Investment Fund, is laying off around 50 employees across the business. The announcement comes after a “structurally lower level of activity, especially in the SME area,” according to the explanation given. 

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